{"schema_version":"secwatch.filing_event.v1","accession":"0001679788-23-000112","form_type":"8-K","ticker":"COIN","cik":"0001679788","company_name":"Coinbase Global, Inc.","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.039608+00:00","generated_at":"2026-06-09T00:34:11.645071+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Coinbase Q3 net loss narrows to $2M; revenue down 5% Q/Q; repurchases $263M debt","bullets":["Q3 net loss of $2M (vs Q2 loss $97M); Adjusted EBITDA $181M, third consecutive positive quarter.","Total revenue $674M (-5% Q/Q); net revenue $623M; transaction revenue $289M (-12% Q/Q) due to low volatility.","Subscription & services revenue $334M, largely flat; stablecoin revenue $172M (+14% Q/Q) from USDC arrangement.","Repurchased $263M of 2031 Senior Notes at ~33% discount, using $177M cash.","Q4 outlook: Oct transaction revenue ~$105M; expects meaningful positive FY2023 Adjusted EBITDA (revised from prior goal)."],"urls":{"canonical":"https://secwatch.observer/filing/0001679788-23-000112","json":"https://secwatch.observer/filing/0001679788-23-000112.json","markdown":"https://secwatch.observer/filing/0001679788-23-000112.md","text":"https://secwatch.observer/filing/0001679788-23-000112.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1679788/000167978823000112/0001679788-23-000112-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1679788/000167978823000112/coin-20231102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T00:34:11.645071+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3bb38e0a4f8407c8362622866a6fee3e9c783445","claim":"Coinbase Global, Inc. reported the quarter ended September 30, 2023 results: revenue $674 million, net income $2 million.","evidence_excerpt":"a sustainable business to drive long term growth; in Q3, net loss was $2 million and we generated positive Adjusted EBITDA for the third consecutive quarter. Total revenue was $674 million, down 5% Q/Q. Net revenue was $623 million, down 6% Q/Q. Total operating expenses were $754 million, down 4% Q/Q, while technology & development, sales & marketing, and general &","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1679788/000167978823000112/0001679788-23-000112-index.htm","confidence":0.75,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Revenue","value":"$674 million"},{"label":"Net income","value":"$2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}